Central Bank of Iceland
Haukur C. Benediktsson is currently the Director of Financial Stability at the Central Bank of Iceland since December 2019. Haukur C. also has experience as an Assistant Professor at the University of Iceland since January 1999. In addition, they have served as Chairman of the Board of Directors in various companies such as Blafell Immobilen GmbH, Blanda Immobilen GmbH, Esja Immobilen GmbH, Skalafell Immobilen GmbH, Spron Investment GmbH, Svarta Immobilen GmbH, and Kurfo-Investment GmbH since February 2018. Haukur was also a Winding-up Board Member at F fasteignafélag ehf. from September 2019 to January 2023, and Chairman of the Board of Directors from March 2017 to August 2019.
Haukur C. Benediktsson obtained a Certificate in Brokerage from the Ministry of Economic Affairs - Iceland in 2007-2008. Prior to that, they pursued an MSc in Finance and Economics at The London School of Economics and Political Science (LSE) in 1997-1998. Haukur C. completed their undergraduate studies at the University of Iceland, earning a BSc in Economics from 1993 to 1996.
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Central Bank of Iceland
The Central Bank of Iceland is an independent institution, owned by the Icelandic state. The principal objective of the Central Bank is to promote price stability. The Bank shall also promote financial stability. The Central Bank shall promote the implementation of the Government’s economic policy as long as it does not consider this inconsistent with its main objective of price stability. In addition, the Central Bank undertakes standard central banking tasks, such as maintaining external reserves and promoting an efficient and safe financial system, including payment systems domestically and with foreign countries. It is also responsible for the issue of notes and coin, exchange rate matters and other duties, as specified in the Central Bank Act. The Central Bank of Iceland shall accept deposits from commercial banks, savings banks and other deposit institutions. The Central Bank may also accept deposits from other credit institutions. The Central Bank trades in foreign currency, acts as an intermediary in foreign exchange transactions, and conducts other foreign transactions. The Prime Minister appoints the Governor and Deputy Governor of the Central Bank for a five-year term. Decisions on applying the Central Bank's monetary policy control mechanisms shall be taken by the Monetary Policy Committee. In other respects, the Bank's direction shall be in the hands of the Governor. The Central Bank is ultimately under the administration of the Prime Minister and a Supervisory Board. Parliament elects seven members to the Supervisory Board after each parliamentary election. The Central Bank of Iceland was established by an act of Parliament in 1961, although the history of central banking in Iceland is much longer. The current Central Bank Act is no. 36/2001, cf. amendments.